The judge dismissed Ryder Ripps’ claim against Yoga Labs and ordered him to pay $9 million.
Artists Ryder Ripps and Jeremy Cahen have dismissed their lawsuit against Board Up Yacht Club creator Yuga Labs. It was dismissed with an injunction ordering the couple to pay $9 million in disgorgement and other legal damages.
In the year In April 2023, Cointelegraph reported that a judge rejected Yuga Labs' claims against Rips and Cahen for violating copyright laws by creating unauthorized Board Up Yacht Club (BAYC) non-fungible tokens (NFT).
This comes after the pair launched the Ryder Ripps BAYC (RR/BAYC) collection in May 2022 after playing on the words of the popular BAYC brand.
As a result, Rips and Cahen were ordered to pay Yuga Labs a total of $1.57 million in damages, which is supposed to cover legal fees and end the lawsuit.
However, according to a Feb. 2 court filing, the court dismissed Rips and Cahen's recent lawsuits.
This time, Rips and Cahen are expected to pay nearly $9 million, which will cover attorney fees, expert witness fees and disgorgement.
They are also directed to dispose of any RR/BAYC NFTs in their possession;
“If the defendants have any of the RR/BAYC NFTs, destroy the NFTs or submit them to Yuga for burning.”
Cahen, also known as Pauly0x to his 174,100 followers on X, announced in a post that the couple intends to appeal the decision to the Ninth Circuit Court of California.
BREAKING
On Saturday, the federal court issued a final ruling in my Yugalabs case.
Total Judgment: $9,112,496.50
(Note: My name is wrong in the order)
We appeal this result to the California Ninth Circuit Court of Appeals.
The case is ongoing. ✊ pic.twitter.com/fHcEsbBL6a
— Paul (@Pauly0x) February 3, 2024
Rips and Cahen filed a countersuit against Yoga Labs alleging intentional infliction of emotional distress, negligent infliction of emotional distress, and defamation.
However, the judge dismissed Yugan's first and third counts of indictment against Rips and Cahen, which allege false access and cybersquatting — the act of buying domain names with the intent to gain a trademark — while specifying millions of dollars in fines.
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Additionally, Ripps and Cohen are required to hand over all social media accounts linked to the RR/BAYC NFTs as well as the smart contract.
“The defendants must destroy any and all other infringing materials, including NFTs, articles, documents, software, promotional materials or advertisements in their possession or the BAYC mark,” the filing states.
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